America is Financially Screwed (How To Save Yourself)

[@kayeh6186]

My Mum turns 100 this month. She’s been on benefits for 40 years. She beat the system .

[@clientornaka4690]

More like draining it lol

[@cujo1050]

So are you saying that you'd rather not have your mom have it?

[@Tristan14578]

I don’t count social insecurity in my retirement. Im doing my own saving

[@TheFirstRealChewy]

I'm saving, but I absolutely count social security. Afterall, I've been paying into it for years.

[@sherrlon]

@@TheFirstRealChewy So have I, but that doesn't mean it's going to be there. And if it is, it may be just a token amount to keep the masses quiet.

[@HelloHello-yb1rl]

They will come for your savings as well

[@b-rare]

Relying on the government to save you is the worst plan. It’s not even enough money to survive .

[@Xtina2525]

Saaaame!

[@Artak091]

Fun fact, if the government collected the money you pay into social security and invested it for you, you'd make WAY more money.

[@GrahamStephan]

Yep - I cover the comparison towards the end. You'd have roughly 2-3x more money in retirement if you invested it yourself.

[@khanzechugz8051]

Libs have a fit if you mention trying to do away with it. I'd rather cut my losses at this point and just keep my money from this point on and invest it myself. It might be cool to make it voluntary to opt out and maybe get some tax benefits to recoup the money already put in

[@shirolee]

that's not a fun fact, that's a sad fact LOL

[@ychongy]

Social security is a pyramid scheme

[@jelani_watkins]

Definition of a Ponzie Scheme. Am I wrong?

[@PostalReptiles]

My dad told me when I was young not to rely on Social Security, that it may or may not be there in the future so to save yourself. If it's still there at retirement, it's just a bonus

[@andreamorales5590]

Love this.

[@ryanauburn]

So your Dad prepped you to pay for his retirement and to expect nothing, sounds like a typical boomer

[@CT-yc4gd]

Good on your dad. I was told the opposite by my granddad. Pensions were still going to be a thing and SS will helpwith that and to basically not worry about it. Yeah...fucking oops.

[@mixaleenalovesglitter2543]

It BETTER be there since they have been taking the money from us for ALL of our working years. It's OUR money. UGH.

[@emilymitchell3868]

@@ryanauburn prepped? it's not a choice, you have to pay into SS if you are employed in the US. His dad has no say in what happens to his son's SS. He was smart to warn him that you shouldn't rely on SS in retirement.

[@benelson12]

I think it's important to note that the only reason tax increases have to be bad is for decades we saw this issue coming and never address it. The best way to fix this is always to tackle it as early as possible.

[@theo-avl]

Neither party wants to be the one to raise taxes or extend retirement age. It will happen after the latest possible chance.

[@Necrotic99]

@@theo-avl There is only one party that refuses to increase taxes and continues to give more and more tax cuts...without any real cuts in expenses. Shouldn't be hard to figure it out.

[@scottgaree7667]

Hang on, I'm waiting for Elon to come back from the future with a time machine, so we can go back and make social security suck a little less.

[@FLPhotoCatcher]

Having more people paying taxes would help the situation. Grabbing those who have lived here for years and sending them south is counter-productive. I wish more of my fellow R's would understand this.

[@theo-avl]

@@FLPhotoCatcher they've not been given permission to understand this.

[@WoodStoveEnthusiast]

I would like to opt-out of Social Security and just invest the money myself!

[@GrahamStephan]

Most of us would probably take that deal

[@KristopherHesson]

I'm curious, what would you do about seniors that made a poor investment choice and had no money at 65. Let them starve? Or die of cancer because they can't afford healthcare? Frankly, most people are probably not savvy enough to invest in their own over a 40 year period. And, my question is sincere, not meant to be smartass.

[@bradhaines3142]

@@KristopherHesson i mean the same thing we should do about people before 65, if you end up homeless thats on you. you have to cut off a welfare state at some point. fact is more the goverment is involved the worst it ends up EVERY SINGLE TIME. so get them out of it, and im sure theyre would end up even less homeless at 65. plus, ss doesnt pay particularly well, and it doesnt have a maximum income that it pays out to. rich can draw from it same as the poor. so its just a straight up bad solution, thats been abused for decades

[@YoLyrick]

100% this.

[@lq6424]

Churches, who own billions of dollars tax free, should take care of the poor. (The mormon church has 250 billion dollars, FYI). ​@KristopherHesson

[@CyberWoody]

Enjoy life, the one thing that you cannot buy is time. Invest in yourself and add value to the world and you will never have to worry about money.

[@Prolific_Troll]

The world is dying. All of it. Eventually, the sun will run out of fuel, expand and swallow us all, but we will most certainly destroy ourselves before then. Nothing is permanent, nothing you do here matters. You cannot add value to a sinking ship. Cute sentiment, though. Fairy tales are cute.

[@ChrisPRicciardi]

@@Prolific_Trollbooooooooooo

[@ChrisPRicciardi]

@@Prolific_Trollprolific

[@SuperCoon88]

This is terrible personal financial advice. Reading books from the public library and giving half your income to charities is a sure way to worry about money your whole life. Here’s something better: Learn to enjoy life without constant unnecessary spending. Gain marketable skills and authority, and keep a budget. You can’t buy time, but debt and uncontrolled spending will consume your entire life.

[@HaveAHeartAnimalSanctuary]

My friends and I often talked about his in high school, that we wouldn't be getting Social Security and we were paying into the older generation. 30 years later, it's comforting to know it is still the same, yet to fruition.

[@waterandafter]

I came to say the same thing. Thirty years ago "they" said SS was going to be out of money in six years. On the plus side, boomers are going to start passing away. And, early on, SS was paid to widows that never paid into it but got all their husband's SS.

[@aristoswashere]

Maybe Social Security would have enough in the fund if Republican Representatives didn’t cut funding?

[@Oaky]

Did you not listen to the video? You will receive it, but likely 75% of it. Gesh..

[@aristoswashere]

@@Oaky Because the funding isn’t matching the usage, yes I watched the video, and also understand that the lack of funding social security to the levels it needs is being blocked by Republicans…

[@Chickenwingsinthedings]

@@aristoswashere As much as i hate republicans, democrats are not much better. Theyre corporate overlords have a chokehold over them. Theyre just morally a little better, but they obviously dont even believe that since theyve been aiding the genocide in gaza.

[@KjiehTV]

No one is retiring in America!! We’re all saving our money and leaving by 50 to go somewhere more affordable and live modestly off of what we have saved!

[@beanberg]

where do you plan on going? i am always curious to hear people’s destinations

[@jasoncarr5379]

Where to brother

[@MrBlue1984x]

Belize

[@user_z01]

I'm 38 and I DREAM of the day I become an expat.

[@memesbyme710]

That's great that you would abandon your country. There are other ways. Aside from that, Going to retire in other countries doesn't quite always workout as you hoped.😮

[@Byronjesk6004]

So I, as a millennial, have been paying my social security taxes my entire life, and the system likely will not even be in place by the time I retire. Great!

[@Sam-ip6co]

This isn't new information dude we've known all this information since before 2008 anyone who has said otherwise was lying to you kinda like the people who said going to college would get you a good job

[@fromzerotohero7989]

This is why you learn how to never pay taxes lol

[@lorenk.775]

It will continue to be there, most folks demand it, to what extent and how much you will get paid out will depend on various factors!

[@damondiehl5637]

It will still be there, it just won't pay as much as it does currently, or you will be taxed more to keep up with payouts, and you may have to file later in life or full retirement will be pushed out. It won't change until it reaches critical mass. Politicians are deathly afraid to discuss the issue or take any action because it will end their career. Elect a bunch of people who aren't concerned about being a career politician and really want to make a difference and maybe change might happen.

[@damondiehl5637]

@@fromzerotohero7989 The only way to avoid FICA tax is to not work. You pay 6.2%, your employer pays 6.2%.

[@hardyworld]

Easy fix: Remove the Social Security tax cap.

[@GrahamStephan]

that's one way to fix it!

[@dontbanmebrodontbanme5403]

While that doesn't solve all of the problem, it does solve 70% of it and I'm kinda stunned this hasn't been done decades ago. Actually, I'm not stunned. It's a tax and no politician wants to be known as raising taxes, so it's no surprised they kicked the can down the road. I'd also add that 10% of the money should be invested in the market, specifically, the S&P 500 Index, which has always given 10% rates of return no matter what 30 year block of time you look at. We can aim for a 4% rate of return, instead of the paltry 2.4% we get now. I'd also progressively increase the tax by maybe 0.25% for every $100K you make over $300K and cap the increase at maybe a million. We could play with the numbers. Right now, it's 6.2%. I'd argue that a person bringing in a million a year can handle, I don't know, 7.5%. Again, we can fiddle with the numbers.

[@ricardoconqueso]

@@dontbanmebrodontbanme5403 We have super-wealthy oligarchs in power. Do you think they'll allow this?

[@tboughnou]

and set a max benefit!

[@thomash7256]

this is the answer

[@BridgetMiller-]

The 2.5% COLA for 2025 provides a modest increase in benefits for Americans receiving Social Security and SSI payments, helping to offset the rising cost of living and inflation. This increase offers essential financial relief for vulnerable populations like retirees.

[@Agatha.wayne0]

The thought of retirement makes me cry. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings to fall back on.

[@Grace.h-t8o]

True, It has never been easier to understand how to build your money after retirement than it is right now with the inflation, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investments, in my opinion, are complex.

[@Thompson-e7h]

I completely agree; I am in my mid 40s, approaching retirement, and have approximately over 2million dollars in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

[@Helen_white1]

This is exactly how i wish to get my finances coordinated ahead of retirement. Can you recommend the financial advisor you used to get ahead?

[@Thompson-e7h]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Stacy Lynn Staples’’ for about three years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@mrwoodandmrtin]

Wait, what, I'm paying for a road I never drive on? Where is this road. I want to go drive on it and get my money's worth.

[@GrahamStephan]

:o

[@ricardoconqueso]

There are a lot of short-sighted people here who just don't understand what it takes to have a 1st world country. We are never going to get 100% out of what we put in. It's like a car. You put gas in your car to take you from A to B, but car engines are not efficient; in fact, they only get about 20% power output from all their gets put in; the rest is waste. Are you not going to drive now because of this? No, people are still driving because the ends justify the means

[@SourpatchAirsoft]

Or, hear me out... We tell the government to manage our taxes more efficiently. Billions are just "lost" every year, more taxation isn't the answer

[@CapytanCrimp]

This is true, we have an $800bn military budget but the Pentagon and MIC In general can't even provide receipts, where's our money going exactly

[@ricardoconqueso]

People complain about failed audits but then want to defund the audit and oversight services, which is what crooks want us to do..."Why are we bringing in so little in tax revenue? We should defund the IRS" is the same energy as "I saw crime, so we should defund the police."

[@fernandomachado1728]

You're ALMOST there. You're asking thieves to be more responsible about their stealing.

[@joerobertson7709]

Hopefully the new Department of Government Efficiency will make this happen.

[@methoxyethanol]

Not necessarily "more taxation" but fair taxation would help. Social security is taxed up to 168k, that means someone making 50k pays more social security than someone making 500k as a % of their income, that's bs

[@whoadude4591]

So once again, the advice is to invest consistently in broad index funds and hold long-term. It truly is the way. And may I add, the more boring the index, the better, haha. Thanks for another great video, Graham! I have watched all your stuff as I have started to build my own wealth since like 2018. I was even able to buy a house a bit ago by myself.

[@medula]

One note about car insurance: law abiding people who carry car insurance also carry "uninsured motorist". So basically you are paying the premium for the deadbeat who is going to hit you.

[@atari7001]

Insurance is socialism. Relieving people of personal responsibility has never been an ethic.

[@b4804514]

@@atari7001 LOL NO Insurance companies are PRIVATE not government owned. You clearly voted for the worst president in history again.

[@tommiller8k928]

@@atari7001 It really is. You are legally required to have it, but insurance companies don't want to pay out if something happens?! Make it make sense.

[@bananas585]

In NY, uninsured motorist doesn’t even cover vehicle damages just personal injury. Found out the hard way

[@startroopian]

I’m fine i just learned from graham over the years. Buy stocks and use high yield savings, be tax advantaged if possible and rinse repeat. Nothing to worry about. Networth currently is 10x vs when I first started watching graham years ago!

[@ZeusyZeus]

They already mentioned they’re increasing social security tax next year. Squeezing more money out of Americans. Thanks!

[@xrp_millionaire]

You know Trump is removing social security tax..... right??

[@likelywill]

@@xrp_millionaire You know Trump is removing the tax on social security benefits not removing social security tax..... right??

[@Demonfireangel]

No they didn't. The rates remain 6.2% for next year. Only the cap is increasing to $176,100, which many of us do not even come close to making.

[@TVHouseHistorian]

@@xrp_millionaireThat’s not what he’s proposing. He proposed that there be no taxation on social security benefits collected by seniors.

[@ZeusyZeus]

@@xrp_millionaire I know he’s trying to get rid of tax for overtime

[@PokerKing1993]

I flat out don't trust the government to take care of me so I will plan accordingly. Hopefully there is a movement of the same mentality.

[@kerncountystorieskcs3693]

A lot more ppl are doing that no one depends on the government anymore .

[@dontbanmebrodontbanme5403]

While my wife and I already have more than enough money saved for retirement, there are many, MANY people that don't have a red cent saved, so as much as I know it's fashionable to crap on the government, I'd trust them over the average person, who simply doesn't have the discipline to save.

[@BoostedPastime]

Thank you for helping to educate people in raising awareness for financial literacy you do really good work and I recommend your channel all the time

[@5150Arcticwolf]

While working in a corporate position I did the math and learned I would not be able to retire until I was 74 years old. 401K and Social Security are not what they used to be. I decided to go for the government sector. No more SSN payments, and I get a pension to look forward to when I retire at 100% at 62 years old. A much better situation. Government is not for everyone, but should be considered for those who were in the same situation as I was.

[@leok7193]

What math did you do? No promotions or pay increases for 30 years? What would you need in 401k at 74? And WTF is a SSN payment? You still pay into social security if you work for the government 🤦‍♂️

[@lazstan]

​@@leok7193If any math has you retired at 74 from the start of a career please get math help. Once you're committed to a serious retirement plan many can pull it off in 10 years 15 realistically and 20 in bad cases

[@andreamorales5590]

What advantages are there to working for the government? I am interested in doing this myself.

[@RCCarDude]

It's a ponzi scheme. As you noted it should have been earmarked accounts designated for each citizen. As it stands it's a pension system for pensioners who either overpay or underpay into their pensions. Terrible policy creation.

[@ricardoconqueso]

Not exactly. You're paid according to. adjusted earnings for inflation, taking the 35 highest-earning years of a person's career and Averaging those earnings. The SSA calculates a person's PIA by applying a formula to their AIME. The formula breaks down a person's average monthly wage into three parts: 90% of the first $1,174 of their AIME 32% of any amount over $1,174 up to $7,078 15% of any amount over $7,078.

[@TheRobinGoodfellow]

@@ricardoconqueso It's not communism? Do tell!

[@leonadams1053]

You ignore the disability side of the program. It’s an insurance program so look at it that way; as Graham properly explained in the video. No one knows how long they can work or how long they will live. The government also sponsors investment vehicles (IRAs, 401k, etc) that you are welcome to participate in.

[@vic7623]

In high school my economics teacher told us that by the time my generation retired, social security will have run out by the time we even got there. That stayed with me ever since and it literally just meant to me that we should be taking our retirements in our own hands and the earlier the better to start planning.

[@mikeb8720]

Retire as early as you can. Stop paying into a system that the government has no plans to pay you back.

[@leok7193]

That's stupid. Rushing to retire means saving as little as possible and cutting off your income stream. By that logic, you can retire on 2k a month in your 20s, and live in your car for the next 50 years. Or enjoy life while working into your 50-60s and retire without downgrading your lifestyle. Those decades of saving and interest is what makes the difference.

[@abdourjawara022]

No social security is not running out... it's more complicated than that. It's taking seniors out of poverty

[@nathanflatt]

But experts predict it will run out by 2033, where are you seeing differently?

[@hannah20071000]

SS is absolutely running out. Every year it has less in the Tbill fund than the year before. Around 2031 or 2032 there will be nothing left to withdraw and there will be an across the board reduction of 23% unless they increase the retirement age or make us all pay more to fund SS. Why would you say it's not running out? You can literally check out the trust fund balance each month and see it deplete. It's absolutely depleting.

[@TrevForPresident]

12%, with employer match, of their lifetime earnings invested on their behalf would’ve been much more effective

[@homesbyanabel]

I LOVE this video. Its so honest. Anytime you relay on anything other then your own skills, its a bad idea or at least not as reliable as you doing your own work. This has nothing to do with politics. Its just a fact.

[@annoyedlife]

i was in a divorce i had to start over at 48. I have 50k in a rotjh ira. all my bills are paid, no home mortgage or credit.

[@Recovery12Life]

Dave ramsey right?

[@Ojhare]

How long were you married?

[@johnparla6252]

Stay single men I am 31 with a 5 year old never going to trust anther woman 👍👍🍺

[@Jonrskittles]

​@@johnparla6252there's so much to fill in the gaps here you gotta explain yourself or take the negative outlook

[@TheBlumann]

@@johnparla6252 hope your heart heals man. 🍻

[@josephpenton9539]

THis is a common 'rich person' misconception about SS payments. It is true that if what was paid into SS was invested instead, it would be more money for the investor. However the common fact that is overlooked is that our 'capitalistic' system is rigged to keep people broke and working paycheck to paycheck. So if we done away with SS and gave wage slaves a 15% raise, health care, rent, housing, food, gas....all these prices would just go up 15% and people would be worse off after they retire. Involuntarily taking SS out of people's paychecks isn't done because the government doesn't trust people with their own retirement. Its to keep out of the hands of vulture capitalists who know how much everyone has saved and how much everyone makes and sets their prices accordingly.

[@itsonlyafl3shwound]

Exactly! People cannot afford housing now because of this exact reason!

[@TheRobinGoodfellow]

This is a common 'ignorant person' misconception about economics. Communism doesn't work you dolt!

[@Ji-Min-j7b]

My company paid a consultant to provide retirement classes when I was 24 and just started saving for retirement. The class was called "The Kids Table" and basically their advice was go with a target retirement fund that aligned with your 65th birthday. That was 20 years ago. It is the only thing I've ever invested in. How else can I grow my finance?

[@reedoken6143]

It seems worth mentioning that while taxes do need to go up to keep social security solvent, they don't really need to increase for any of us. There is a pretty small group of people with an awfully large amount of money that is not contributing to these programs equitably

[@erikc3057]

That's not how the program works. It's based on your contribution to YOUR account. Not like taxes at all. If I make $1M in my working lifetime and you make $500k in your working lifetime, I make more contributions to Social Security than you, BUT my Social Security payment (which is like an annuity) is also larger than yours. It is a merit based system and not like taxes. That's why it's separated out from other taxes in your W-2 paycheck. Unfortunately, the way Social security was executed back in 1935, it basically turned into a legal Ponzi scheme. That "small group" of people are still contributing to social security as they should, but that goes to them and not you. Now, if you want to have a discussion about who is paying a "fair" share of taxes, that's a completely separate argument.

[@TF-lk6co]

Remove the cap on income that's subject to social security taxes (currently $168,600)...problem solved. There's no reason for payroll taxes to be regressive when the rest of the tax system is progressive (higher earners pay a higher percentage).

[@ricardoconqueso]

This. America gave people like Elon Musk immense, untold opportunities for wealth accumulation. It's time we make it much harder to become a half-trillionaire.

[@monjava]

The tax cap is aligned with the cap on SSI distributions. Are you saying the distribution cap will also be increased? Or you just want more wealth redistribution?

[@thefrankly]

Taxes are already progressive, more tax never solves anything, we need to stop wasting tax payer money and there would be enough

[@BBQBrandon3392]

Figure out how to save your own money Elon will never use ss why should have pay a bunch in.

[@TF-lk6co]

@@monjava There's no reason the cap has to be aligned with the distributions, and there's no reason to connect a person's lifetime earnings to their SS benefit. The point is to provide financial help to those who need it, so just do that and stop with the fiction of "Okay, you paid in X dollars, so you receive Y dollars at age 65." That makes it seem like an investment vehicle, which it's not. The money paid in is long gone and it's new money that's being paid out. Another way is to get rid of the payroll tax entirely and adjust federal income tax rates/brackets to generate the necessary SS funding. The tax code does not need to be as complicated as it is.

[@mydressmemos]

America is presently besieged by the hydra-headed evil combo of inflation and recession. The worst aspect about this crisis is that consumers are piling up credit card debt. Credit card debt increased by 20% in April alone, while interest rates have doubled in a year. Inflation is so severe that customers are essentially going into debt to buy basic essentials. The collapse has certainly begun.

[@LUCIASMITH-d1z]

Every day, we face a new challenge. It has become the new normal. We felt it was a catastrophe at first, but now we know it's a new normal to which we must adjust. This year will be a year of great economic suffering across the country. What initiatives can we take to earn additional revenue during the period of quantitative adjustment? I can't afford for my hard-earned $200k to fall to dust.

[@richardhudson1243]

More reason I enjoy my day to day market decisions is that i'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to

[@winifred-k9e]

Mind if I ask you to recommend this particular coach you using their service?

[@richardhudson1243]

Her name is Melissa Terri Swayne can't divulge much. Most likely, the internet should have her basic info, you can research if you like

[@JacobsErick-u8r]

I just googled her now and I'm really impressed with her credentials. I reached out to her since I need all the assistance I can get.

[@michaelvodovoz8947]

Too bad more people don't take your advice. I am fairly old and I preach to my kids to take this stuff seriously. I think you are right on that SSI benefits will still be around but younger folks paying a larger portion of their paycheck than they do now. Good work!

[@robertwicks6670]

I never wanted to rely on social security when i got older... Id rather build a business that can provide my family generational wealth.. what else are we here for then to make sure our future family are more comfortable than what we were....

[@TexasLonghornRanch]

Social Security won’t even be able to pay my taxes.

[@b-rare]

That breakdown of the social security money vs you investing it yourself is exactly why I incorporated. Now I pay myself dividends and avoid paying into social security all together. I invest it myself .

[@3railmike713]

They’ve been telling us social security is going to become insolvent for several decades now and not going to be around, but it’s still there. The benefit has never been cut or reduced, but has actually been increased.

[@darleneatkinson6730]

@3railmike713, I been receiving SSA since Oct. 2019 it arrives every month so far and it is kind of happy feeling receiving that extra money in the middle of each month. For me it is not that much most likely because I would have like $58.00 deducted for 36 years I worked in day job. But now that I am older it is nice to receive it. I also receive Pension from my many years of working. I been retired since 2015 so that been a while and I was able to pay for my cost of living from Pension money only. It all depends on each person situation. Great comment. Most likely why SSA will never go away is there many disable people who all depend on this source of income. To me SSA does service very needed service. That just my opinion.

[@TheJimmyCartel]

adjust that by inflation and think again

[@skylarwattie]

It’s like a government Ponzi Scheme 😂

[@ricardoconqueso]

It's solvent when the younger group outnumbers the retired group

[@TheRobinGoodfellow]

@@ricardoconqueso Like a Ponzi scheme when the suckers outnumber those who cash out?

[@tzadik.]

It exactly is. Our government thinks we are idiots and slaves

[@ricardoconqueso]

​@@TheRobinGoodfellow Well, that's the thing about SS, you can't "cash out." You can claim some of what you put in. Not all "pay it forward" scenarios are Ponzi schemes. There are a lot of other differentiating factors, but some people just want to be mad and write the whole thing off instead of fixing the issue. The issue being the "ladder pullers" who removed the very support pillars that were set up for them by their parents and that they themselves benefited from. Why is SS insolvent? Because certain people gutted it and cashed it out. Why is higher education so expensive? Because certain people gutted it and cashed it out. Why have our school scores slipped? Because certain people gutted it and cashed it out. Why is healthcare unaffordable? Because certain people gutted it and cashed out.

[@thefrankly]

Bingo

[@mistmage]

Who could ever predict that a pyramid scheme will start to run out of money?

[@ricardoconqueso]

It can remain solvent if the funding base is larger than the retiring group. We need more people, either via higher birth rates or immigration.

[@TheCarpenterUnion]

Ricardo that has to be one of the dumbest comments on this video. Not only is continuous and unrelenting population growth unsustainable, it's historically impossible. The assumption that population will grow forever is how we're in this mess in the first place, why we're totally screwed in basically every economic sense as a nation. It is literally the embodiment of kicking the can down the road for the next generation to handle... Eventually, it's going to get kicked off a cliff

[@mistmage]

@@ricardoconqueso How many people can America host? If it not bursting now, it will when there physically impossible to have enough people for the said "Funding base" Infinity growth in a finite world is simply not possible. No matter what anyone says.

[@musashi4856]

Graham Stephan is always behind the curve by remaining comfortably within the Overtone Window.

[@nitroneonicman]

You know, a lot of people from South America would love to come here and help solve this problem

[@monkeytired]

Social Security is not and never was intended to be a retirement program. It was intended to be part of the three legged stool that included savings and pensions, which have become very rare. It’s primarily an insurance program that ensures a safety net for retirees, the disabled, widows and children. My own father passed away when we were kids andmy mother raised us with the help of survivor benefits. So when you contribute to Social Security, you’re actually contributing to the well-being of the entire society.

[@roguered706]

Sadly, most people don't care enough about others to appreciate that fact. They only care about their own well-being . Yeah, social security being so screwed up sucks, but reading the comments from people who rage about having to pay in, or complain about people on disability, makes me a little sick to my stomach. What do they want to do- euthanize the elderly and disabled? If people can't even dredge up the decency to accept that some individuals might lose some money so that others can survive then they really are awful. 😢

[@s2442b]

5:31 bro's literally just fearmongering here saying there is no options. One of those options was to remove the 400k cap for paying into social security!! Anyone making less wouldnt see an increase in taxes

[@fizzifish]

Another fun fact, you are also prob financially screwed if you followed Stephen graham’s recommendations

[@FloofyMinari]

Its only gonna get worse with Trump in office.

[@WillyJunior]

Why exactly is that?

[@FloofyMinari]

@WillyJunior Tariffs being proposed by Trump will devestate the economy.

[@boondoggle4820]

The reality is that most people are not going to save and invest in the stock market. Most people are living paycheck to paycheck and simply don’t make enough to invest, or they’re simply not financially literate enough to invest. I didn’t really understand saving and investing and how important it is to save for retirement until I was nearly 40, and by then look at the amount that you would have to save each month to reach that goal (luckily I started saving and investing for retirement before then because I was prompted to as part of the onboarding process and I figured why not). Social security is essentially social insurance against people being broke and destitute in old age.

[@jeremyhill-h9e]

Many people are looking for additional income as a result of the shifting economy, and I'm thinking about investing in the stock market to accomplish my $3 million retirement target. But the recent market meltdown is worrisome.

[@24ever12]

Most people believe that specialised knowledge may solve their problems, they can also seek advice from an expert advisor.

[@henryfelch]

Indeed, even though I'm still learning how to invest, I have a financial advisor who helped me get started in a little over six months with a $500k lump sum investment, and I've already made a lot.

[@jeremyhill-h9e]

Though I haven't taken the initiative, I have been thinking about obtaining one. Is it possible for you to suggest your advisor? I would really appreciate any help.

[@henryfelch]

My advisor is Elizabeth Louise Greak. Simply look up the name. You would discover the information you need to schedule an appointment.

[@hydrobolix3365]

Wouldn't the value of the dollar go down due to inflation if the govt collects money through tariffs? Maybe some govt backed securities?

[@derkong7114]

My 87 mom lives on her social security check of $1240 per month plus a rental payment income from her tree farm of $500 per month. So $1740 per month. The tree farm pays her taxes, insurance, and HOA fees. She spends so little she saves money each month for a rainy day. Yes her savings grow each month. Most people could learn a bunch on cheap living from her. For example She hangs her laundry to dry in her garage. Her electric dryer is 25 years old and has been used less than ten times. She would scalp anybody who wanted to enrich the electric company by using her dryer. Bottom line she does not spend money without a fight....

[@taekwonStudent09]

She lives in 1950, got it. Modern world, hard to do that. It's a good skill to have, but people that are going out and progressing the world might not have time for this.

[@ccrider8483]

Your mother and I have a lot in common. Good for her, good for me.

[@mikis91]

You have 87 mothers? That’s crazy

[@AC-qo8oq]

My grandmother does that but going to visit is sooooo cold in the houses it’s colder inside than outside it feels like

[@donkramer8848]

The problem is that if everyone loved this way, society would collapse

[@WeBeatMedicare6969]

Social Security was never meant to be your sole source of retirement funds

[@MoonLiteNite]

Yeah just meant to shake you down and steal your money and only give some back. Seems like a great program

[@JadanWhitney]

Being able to grow your retirement plan risk-free and tax-free, is two things everyone wants but unfortunately most have never been taught.

[@MemineAussi]

It would be interesting to have you do a piece on tariffs, but only tariffs from yesteryear. Maybe include both winners and losers?

[@edwardjackson9871]

But it’s not guaranteed !! So it is theft. The money you put in is not there. It’s been spent

[@LD-yq7cl]

yeah, it's not for you, it is for your parents and all the freeloaders

[@mcmehlen]

I hope everyone has a great day!

[@advertisercommerce6990]

You talk about current account, but what happened to the $1 TRILLION owed by the federal government to the Social Security System that it borrowed during Reagan and following presidencies? NO one talks about that! Pay back the Social Security System what it is owed, and it will be fine! The FEDERAL budget is what needs to be cut! NOT Social Security!

[@link10909]

"Pay back the Social Security System what it is owed, and it will be fine!" Not true, the IOU money is accounted for in the social security trust fund amount which is on track to be depleted. Certainly we can be mad that the money was "lent" at treasury rates but its not like there is missing money.

[@damondiehl5637]

Let's go Elon and Vivek!

[@BTrain-is8ch]

@@link10909 The number of people that believe the government "borrowed" from Social Security is exhausting. Almost as exhausting as the number of people who do not understand that SS is a pay as you go program, that the government is not/has never been saving and investing money on their behalf, and the trust fund only existed to hold on to SS revenue in excess of SS outlays and we haven't been in that situation for years.

[@whorhaydelfuego7190]

@@link10909 It's honestly hard to even complain about only getting treasury rates once you start thinking about the implications of doing otherwise. If the surplus was instead invested in the stock market then sure we'd get better returns but you'd end up with the government owning huge chunks of publicly traded companies. Who would exercise the voting privileges for all that stock, do we really want to further incentivize politicians to make decisions that are profitable in the short term but not in the long term?

[@flips6908]

Good content once again, Graham! I like the “raise the $176,100 cap in 2025 incrementally more than wage growth” approach to fixing Social Security.

[@kristinajenkinson9282]

I would like to know the stats on the increase in social security disability payments over the years and the increase in children under 18 getting survival benefits for parents that have passed away. With people getting more cancer and having more medical problems that’s probably part of the issue

[@vamoscruceros]

The Disability Insurance fund is run by Social Security, but is separate from the Old Age Survivors fund. Both funds will eventually run out of money, just on different timelines. Graham's illustration isn't entirely accurate, because while 6.2% of your wages are withheld (and matched by your employer), the actual contribution to the Old Age fund is only 10.6%, not 12.4%. The remainder is uses to fund Disability Insurance.

[@shayscott7498]

The parent doesn't have to pass away, they just have to be retired for the children under 18 to get benefits.

[@TheTechWanderer]

I love how informative your recent videos have been!

[@crwlh6721]

Invest $420 per mo @20 years old? How is that even possible when most 20 year olds can't even afford to pay for food & shelter? It's an unrealistic benchmark. Not to mention the $930 monthly @30 & $2300 monthly @40 yrs old. All of it is ridiculous.

[@BBQBrandon3392]

I did almost that for the last 10years and I have over 100k in my 401k. I’m 29 and I have never made more than 65k

[@hannah20071000]

most 20 year olds have 700 a month car payments and a 150 a month cell phone bill. Scrap that and buy a 10 year old car and get a 25 per month Boost Mobile phone and viola, most can save 420 a month.

[@MrLopez746]

I thought you were going to talk about the imminent doom the country faces from the inevitable stock market crash and depression due to the election of Lord Trumpet.

[@JD..........]

Here's the reality: If you're wealthy enough to consider Social Security "a rip off", then you should thank your lucky stars for how fortunate you are compared to the average person on the planet.

[@JoBo52]

Yeah, it's not really for most of the people commenting here 🙄 Disappointing to see Graham agreeing with them.

[@cu7695]

Sorry to call it out but if you're paying attention the social security won't take care of those unfortunate people anyway. What's wrong with at least taking control of your own money and have the discipline to invest in your future self ?

[@PulsePeaks1]

You're missing a few things.

[@ricardoconqueso]

@@cu7695 Because that's not how life works. SS is an insurance plan so people don't die on the street and become so food insecure they die of starvation in their older years. We started SS for a reason. It was defunded on purpose by those who say, "Government doesn't work. Elect me, and I'll prove it to you!". It's called "starve the beast," and it's meant to enrich its proponents by privatizing everything.

[@link10909]

Its a rip off because for the 30 somethings of today they have already begun paying into a system which may not exist by the time they get there and discussions of "fixing it" are generally about how to squeeze more money out of them today to pay for their parents and grandparents generations. Not really fixing the system for when they get there in 35 years.

[@olliehopnoodle4628]

Graham, I hate to say it before I watch beyond the intro but as an old dude who's been paying attention, I don't think I will be surprised or 'have my mind blown'.

[@GrahamStephan]

The investing vs receiving social security part was pretty interesting, though!

[@olliehopnoodle4628]

Yeah, mind not blown. But a good video people need to see.

[@olliehopnoodle4628]

@@GrahamStephan I am glad you included the half the employer pays, a lot of folks don't realize that. On another note, I agree with your overall summary. Most folks wouldn't invest that money and for some people SS ends up being an insurance policy. Take care Graham and keep up the good work!

[@Uncommonsensetoo]

I am not counting on getting any social security. I already retired at 52 and should have enough just from my own investments. If there is any money left for SS when I am 70, I'll take it and just consider it "longevity insurance".

[@KamiKomplex504]

Saw a stat that 90% of social security recipients own their home. We spend 5usd to 1usd on elderly versus children now, where just before I was a kid that was 1:5 ratio. Interest on debt to fund SS is rising, meanwhile a huge cut of everyone's paycheck is being carved out to pay out those who failed to vote in those who could keep the program solvent and we will likely never see a dollar of it. The median life expectancy is likely to be below the collection age in the next decade.

[@LangMondragon]

Grab a XAI860F a day keep the doctor away

[@anthonymiller3869]

The $2800 per month number is a Present Value number. You need to inflate that at a COLA for 40 years to estimate the Future Value.

[@FatmaSalman-oy7ge]

No bull run can exist without the impressive XAI860F

[@850logan]

Trash

[@cheeseman9967]

Gee Graham, thanks for vilianizing the Boomers. Actually you conveniently left out the part about the Government dipping into the Social Security Fund and replacing the money with "IOU's". Admit it Graham, you have no idea what you are talking about. You are here to make money.

[@TalkToMe2Day]

I'm willing to opt out of social security. Don't force me into paying, and I'll not expect anything in return. Don't punish the younger generations for the older generations bad decisions. If i had all of the money paid into social security, invested just as my portfolio has been since I started working on a percentage basis, I could help my parents through their retirement instead of being coerced into paying for other people's retirement.

[@Necrotic99]

Too late, the baby boomers will make sure you have to pay and the GenX will continue that as they don't want to get stuck holding the bag.

[@lorenk.775]

Apparently you don't consider the needs of the disabled and unfortunate.

[@AMcGrath82]

That's how you end up with millions of more homeless people. The whole reason we have Social Security is because it's safe, so long as congress doesn't borrow from it. People gambling with their own money can still flood our streets.

[@TalkToMe2Day]

@@AMcGrath82 it may have been intended as such in theory, but it's proven itself to be a flawed implementation. It's a government sponsored ponzi scheme. Those paying into it now are paying for those who got in earlier, and it's running at a significant deficit meaning at some point those paying into it will be short changed at best and get nothing back at all at worst. I stated what I'd want. I'm also realistic if you read my follow-up, so I acknowledge that we'd have to phase it out. So, I'd be okay with being taxed to help phase it out so my children and grandchildren can be freed from the scheme. While it is promoted as a safe program it is also running such a deficit that most people my age will not see any real benefit. Those younger may end up paying for my generation's rent (while we still fall short for those relying on SS income) while they will, at the current rate, have to expect they are paying for something they'll never see back. At a certain point, you have to admit the issue, stop beating the same drum expecting a different outcome, and find a better solution.

[@representin614]

No mention of raising the cap? Basically if someone makes over 168k they don't pay SS taxes on the income over $168k (2024)

[@Henry1Norman]

Only few minutes long but god damn if this video didn't come packed full of important information! It's good to know who's selling. People that have insane amounts of BTC already have their lives set up for them, they know they'll win in the long term so price fluctuations mean nothing to them. It feels nice to see that confirmed. In the future when people notice that most of the BTC is in the hands of a few, they will complain, but they are the ones to blame, because their weak hands kept selling to the rich instead of trading.......... I have managed to grow a nest egg of around 3b"tc to a decent 26B'tc in the space of a few months. Amidst this, the insights of a knowledgeable guide like that of Francine Duguay can be crucial. Her expertise in navigating the nuances of trading has been the key for Me understanding and making the most of these emerging financial trends.

[@Henry1Norman]

Francine duguay program is widely available online..

[@benetzsallman]

Thank you for sharing your experience. She’s helped grow my reserve, despite inflation, from $87k to $246k as of today…..Her insights and daily siignals are worth following.

[@gakeray19]

Thank you…. I have searched her up Google I think I am satisfied with her experience.

[@Walter2Williams]

The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.

[@Brian_Willott]

Francine goes deeper than just looking at surface-level trends.. she explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..

[@totallifehacker1781]

Thank you for talking about this. I realized when my hardworking Dad finally could not work and he did not have a retirement. He got ripped off. It would be better to do away with it only have a ssdi tax and everyone need to have a retirement account of their choice. They could phase it out.

[@DoubleMaduagwu]

I'm retired at 27, went from Grace to Grace. This video here reminds me of my transformation from a nobody to good home, honest wife and 35k biweekly and a good daughter full of ❤️

[@DavidDonald-p8t]

As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.

[@SyailaChannel]

Waking up every 14th of each month to 210,000 dollars it's a blessing to I and my family... Big gratitude to Sofia Duke 🙌🏻

[@DavidDuchovny-q8c]

Yeah, 253k from Sofia Duke, looking up to acquire a new House, blessings.

[@subashpawar5922]

Stawrted with 5,000$ and Withdrew profits 89,000$

[@ArthurTuttacastilho]

I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️

[@catalinbozianu9772]

2:39 isn't this called piramida scheme?: "your money goes towards paying out current retirees"

[@CS_Vending]

Ponzi scheme*

[@19Kettle93]

Moral of the story; tax is theft and quit pulling out.

[@ricardoconqueso]

Taxes make 1st world life possible. I happen to like clean water, roads, traffic lights, the weather service, national parks, street lights, police, firefighters, etc. Go travel a bit and see how much of the world lives.

[@AMcGrath82]

I love how none of these comments are accusing this channel of being political. Every other channel I've seen making this warning has been accused of that.

[@HankArtie]

Tax everyone on full income no matter what... that will fix it. Oh, and tax the house and senate too!

[@Ostyn-DT24]

This alone is the greatest example of how our government is either corrupt, misguided, or stupid.

[@Bugginout79]

The average person making 60k a year With employer contributions would have about 400k If you had invested that on your own even assuming a 6-7% return you would have almost 800k which if you used for income and a 700 health insurance policy you would get around 2500 a month double what you would recieve from social security

[@MrCarterherman]

Just get rid of it. It takes 10mins of research to figure out that all you need to do is max a Roth IRA and invest in VOOG or VIT and you’ll be fine.

[@jeffDwyer1]

So how exactly can we guard against the coming financial reset Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $310k stock portfolio.

[@wmwoods-l4f]

Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown

[@marcie5221]

Canada’s CPP is successfully invested in equities and fixed income plus we have been increasing our contributions above inflation. There is no fear of it running out.

[@goldenduck7294]

Less click bait and more informative titles please.

[@bsfatboy]

You don't have to increase taxes on the rich, just don't let them hide their money

[@stevenagood1159]

This is like the Platform

[@nick8243]

I'm counting on Social Security to be there when I retire in 2051. It's been around for 80+ years and it's too popular to be abolished without massive public outcry.

[@saidchammas]

Make a video on tariffs and how they would affect the economy if implemented

[@GrahamStephan]

That would be super interesting - I'm not sure I know enough about it for a full video, but could certainly research

[@saidchammas]

@@GrahamStephan i think it would be good to discuss it in a politically neutral context, focusing only on the economic aspect

[@xser1ousc0mbatx]

When was the last time any part of government passed an audit? Our government needs to shrink drastically

[@WALKERMckeon]

XAI860F has 5x the week but that is not even uncommon for their ideas

[@johnathansteil8186]

Video idea for you Graham. You should interview a family member or staff member of a Long term living facility that handles payments/accounts for a private facility vs one where the residents only have social security and the quality of care. My grandmother thought she would live in a casino like long term care and my parents were like you didn't save and now she is in a 1980's public school looking place.

[@EnriquetaStark]

Elon knew the XAI860F idea and the key changes coming with it, better be prepared for a large run

[@BrandonRogers91]

I’ve been told since I was a kid social security won’t exist when I’m eligible. I’ve been conditioned to accept this reality…

[@DianeEverson-p5q]

For the next bullrun and yes that's still out there, XAI860F gonna be the main horse

[@r4raced4doom2]

It would be pretty easy to fund social security, universal health care, paid college tuition, etc. If they just eased off that $2 TRILLION in annual defense spending...

[@Necrotic99]

Or stopped giving a massive 10T tax cut that like 93% went to the uber wealthy that is about to be extended.

[@CLIFFShannon-n2s]

The XAI860F uses different AI which has not been used by anyone, it makes sense and it should allow steady growth with no human interference needed

[@NateSmokes816]

Funny how they want younger people to pay more to support them that paid less, but when it came to my student loans THAT wasn't fair.

[@OSVALDOCamarillo-c1d]

Been collecting the XAI860F this cycle as that has the right place in this time

[@Bravo1VE]

Social security was never intended to be a retirement account, it was only intended to keep people from starving but like most things it grew into something else.

[@JacobsErick-u8r]

So how exactly can we guard against the coming financial reset Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.

[@TinaJames222]

Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.

[@Vincent-j8u]

I agree, having the right plan is priceless. My portfolio is well-suited for any market and recently doubled since early last year. My CFP and I are aiming for a seven-figure goal, which might take another year to achieve.

[@sharonwinson-m8g]

Great gains! Can you share your CFP details? I'm gaining more cash flow from my job and want to invest in stocks and alternative assets to build wealth.

[@Vincent-j8u]

''Sophia Maurine Lanting ' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

[@melissamw5620]

Social security is a hugely successful program. It keeps tens of millions of us out of poverty and can be fixed with minor adjustments for generations to come. Unfortunately, most retirees depend on it more and more an cannot afford a reduction in payouts.

[@seekererebus255]

The government saying there are Social Security Reserves when they owe nearly 150% of all the dollars that exist is among the most absurd statements that can be made. They don't have reserves. They have debt. The Social Security and Medicare bill they haven't yet allocated debt to pay would increase their debt to more than 900% of all the dollars that even exists right now.

[@AnthonyJustice-i9x]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Grace Miller.

[@kyleevanston]

I'm celebrating a $30k stock portfolio today. started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

[@stephaniebeddis8069]

The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.

[@GrozaGroza-ko7fn]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@BradlyLane]

I'm new at this, please how can I reach her?

[@ClarenceFerland]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills